Quote from: Karmakid on January 25, 2020, 07:24:02 AM

Quote from: MancyZz on January 24, 2020, 05:39:15 PM

Quote from: Goodvalony on November 24, 2019, 11:21:20 AM

trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.

depend on the market. if in the market show good movement maybe i will sell my coins and follow the movement of market conditions. it not take long time maybe one or two days because i always analisys and search good coins to trade when i lose. it make me difficult to hold coins with long term hold because i am daily trader

If the movement of the market is good then you should not sell immediately, you should wait and observe the possible outcome of the movement and once the trend is broken that is when you are going to look for an exit price so you can still sell at a profit. Buying and holding a trade is easy but having discipline is hard.

This is one of the most basic mistakes that I see in newbie traders, as soon as they get some profits they close their trade and while this can be effective a few times it does not work when the market goes strongly in one direction, then they think the price has to come back down only to be disappointed when the price does the opposite and instead of getting huge profits they just get a small amount of profit.

Then they regret their decision and they buy at the top and then they lose all their previous profits as they enter the market too late and the smart money begins to sell.